Can I retire at age 70 with 991,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$81,836$81,107$80,396$79,702$79,024$78,658
2 years$40,513$39,758$39,027$38,318$37,630$37,261
3 years$26,740$25,982$25,253$24,551$23,874$23,513
4 years$19,855$19,100$18,378$17,687$17,027$16,677
5 years$15,725$14,975$14,262$13,586$12,944$12,605
6 years$12,973$12,228$11,526$10,865$10,242$9,915
7 years$11,008$10,269$9,578$8,932$8,330$8,015
8 years$9,535$8,802$8,123$7,493$6,910$6,608
9 years$8,389$7,664$6,996$6,382$5,819$5,530
10 years$7,474$6,755$6,099$5,502$4,958$4,681
11 years$6,725$6,014$5,370$4,788$4,264$3,999
12 years$6,102$5,398$4,766$4,200$3,695$3,442
13 years$5,575$4,878$4,258$3,708$3,222$2,981
14 years$5,123$4,434$3,826$3,291$2,825$2,595
15 years$4,732$4,051$3,454$2,935$2,487$2,268
16 years$4,391$3,716$3,132$2,628$2,198$1,990
17 years$4,089$3,423$2,850$2,362$1,949$1,751
18 years$3,822$3,163$2,601$2,128$1,733$1,545
19 years$3,583$2,931$2,381$1,923$1,545$1,367
20 years$3,368$2,724$2,186$1,742$1,380$1,211
21 years$3,174$2,537$2,010$1,581$1,235$1,075
22 years$2,998$2,368$1,853$1,437$1,107$956
23 years$2,837$2,215$1,711$1,309$993$851
24 years$2,690$2,075$1,582$1,194$893$759
25 years$2,555$1,948$1,465$1,090$804$677
26 years$2,430$1,830$1,359$997$724$605
27 years$2,315$1,723$1,262$912$653$541
28 years$2,209$1,623$1,173$836$589$484
29 years$2,110$1,531$1,092$767$532$433
30 years$2,017$1,446$1,017$704$480$388
31 years$1,931$1,367$948$646$434$347
32 years$1,850$1,294$885$594$393$311
33 years$1,775$1,225$826$546$356$279
34 years$1,704$1,161$772$502$322$251
35 years$1,637$1,101$721$463$292$225
36 years$1,574$1,045$675$426$264$202
37 years$1,515$993$632$392$239$181
38 years$1,458$943$592$362$217$163
39 years$1,405$897$554$334$197$146
40 years$1,355$854$519$308$179$132
41 years$1,307$812$487$284$162$118
42 years$1,262$774$457$262$147$106
43 years$1,219$737$429$242$133$96
44 years$1,177$703$402$223$121$86
45 years$1,138$670$378$206$110$77
46 years$1,101$639$355$190$100$69
47 years$1,065$610$333$176$91$62
48 years$1,031$582$313$163$82$56
49 years$999$556$295$150$75$51
50 years$968$531$277$139$68$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $991,000, adding $5,254 every year, while hoping to spend $33,172 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/22/23 Blend
69$991,000$991,000$991,000$991,000
70$1,097,502$1,044,979$1,029,618$1,150,697
71$1,174,152$1,060,888$1,028,815$1,203,672
72$1,257,509$1,076,465$1,026,874$1,257,411
73$1,348,221$1,091,658$1,023,721$1,315,234
74$1,447,004$1,106,413$1,019,280$1,377,544
75$1,554,642$1,120,671$1,013,469$1,444,784
76$1,672,000$1,134,369$1,006,205$1,517,443
77$1,800,031$1,147,439$997,400$1,596,062
78$1,939,781$1,159,811$986,960$1,681,239
79$2,092,405$1,171,408$974,789$1,773,630
80$2,259,172$1,182,148$960,786$1,873,964
81$2,441,479$1,191,945$944,844$1,983,041
82$2,640,865$1,200,706$926,851$2,101,747
83$2,859,025$1,208,332$906,693$2,231,058
84$3,097,824$1,214,719$884,245$2,372,053
85$3,359,316$1,219,755$859,382$2,525,920
86$3,645,765$1,223,321$831,970$2,693,972
87$3,959,661$1,225,292$801,869$2,877,656
88$4,303,749$1,225,533$768,934$3,078,570
89$4,681,049$1,223,903$733,011$3,298,477
90$5,094,892$1,220,249$693,942$3,539,322
91$5,548,942$1,214,413$651,561$3,803,250
92$6,047,238$1,206,223$605,692$4,092,628
93$6,594,227$1,195,499$556,154$4,410,067
94$7,194,810$1,182,050$502,757$4,758,448
95$7,854,384$1,165,674$445,302$5,140,948
96$8,578,894$1,146,154$383,582$5,561,072
97$9,374,889$1,123,264$317,381$6,022,686
98$10,249,586$1,096,763$246,471$6,530,054
99$11,210,934$1,066,394$170,618$7,087,880
100$12,267,690$1,031,888$89,574$7,701,349